Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Michigan’s Global Marine Acquired by Specialty Program Group
Dec 8 2016 // Specialty Program Group, a holding company for specialty insurance brokers and underwriting facilities, has acquired the assets of Global Marine Insurance Agency. Terms of the acquisition were not disclosed. Based in...
Private Flood Insurance a Focus for Pennsylvania Insurance Department in 2017
Dec 8 2016 // The Pennsylvania Insurance Department has a plan to continue furthering its initiatives within the private flood insurance market in 2017. This comes after the North Central part of the state of Pennsylvania saw flooding...
Lloyd’s Details Its New Corporate Operating Model to Help Deliver Vision 2025
Dec 5 2016 // Lloyd’s announced details of its new Corporation Operating Model (COM) that it said will enable it to deliver its Vision 2025* more effectively and efficiently. Effective Jan. 1, 2017, COM will enable Lloyd’s...
Liberty Mutual to Acquire Ironshore from China’s Fosun for $3 Billion
Dec 5 2016 // Liberty Mutual Insurance has agreed to acquire specialty lines insurer Ironshore Inc. from China’s Fosun International Limited. Liberty Mutual will acquire a 100 percent ownership interest in Ironshore. According to...
North Carolina Surplus Lines Agents Facing Jan. 1 Registration Deadline
Dec 5 2016 // Surplus lines agents doing business in North Carolina can now begin registering with the recently established North Carolina Surplus Lines Stamping Office as new rules regarding resident and non-resident surplus lines...
North Carolina Surplus Lines Association Prepares to Launch New Stamping Office
Dec 5 2016 // Surplus lines agents doing business in North Carolina can now begin registering with the recently established North Carolina Surplus Lines Stamping Office as new rules regarding resident and non-resident surplus lines...
2016 State Specialist P/C Insurers Revealed: Demotech
Dec 5 2016 // The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by companies to the National Association of Insurance Commissioners (NAIC). The 11 categories...
North Carolina Surplus Lines Association Prepares to Launch New Stamping Office
Dec 5 2016 // Surplus lines agents doing business in North Carolina can now begin registering with the recently established North Carolina Surplus Lines Stamping Office as new rules regarding resident and non-resident surplus lines...
Insurance Associations AAMGA, NAPSLO Move Forward with Merger Talks
Dec 2 2016 // A possible merger of the nation’s two major excess and surplus lines organizations is on track. The American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines...
Hamilton Underwriting at Lloyd’s to Hike 2017 GWP to £122.5M ($152.9M)
Dec 1 2016 // Hamilton Underwriting Ltd., the Lloyd’s platform of Bermuda-based Hamilton Insurance Group, announced that the managing agency has received approval from Lloyd’s to increase its gross written premium for...
American Specialty Insurance & Risk Services, Inc. Announces Launch of New Ice Rink Insurance Program
Dec 1 2016 // Fort Wayne, IN, December 1, 2016 – American Specialty, a recognized leader in Sports, Recreation, and Entertainment insurance, is proud to announce the roll out of its new Ice Rink industry program. Effective December 1,...
Texas Surplus Lines Stamping Office Adds DiLoreto
Nov 29 2016 // The Surplus Lines Stamping Office of Texas (SLSOT) has appointed Maegan DiLoreto as communications and training coordinator. DiLoreto previously worked as a copy editor and page designer for newspapers in both Alabama and...
AXIS Capital Buys Belgium-Based Specialty Aviation Re/Insurer Aviabel
Nov 29 2016 // Bermuda-based AXIS Capital Holdings Ltd. announced it has agreed to acquire general aviation insurance and reinsurance leader Aviabel, in a move that is designed to increase the company’s scale and relevance in the...
Rockhill’s New E&S Property Unit Focused on Coastal Risks
Nov 22 2016 // Columbus, Ohio-based Rockhill Insurance Group, a member of the State Auto Insurance Group has launched an excess and surplus (E&S) property unit. Led by industry veteran Tracy Upton the unit is a catastrophe wind and...
Palomar Specialty, Cabrillo Coastal Launch Homeowners Program in Mississippi
Nov 22 2016 // Palomar Specialty Insurance Company has partnered with Cabrillo Coastal General Insurance Agency, LLC to offer coastal homeowners insurance in Mississippi. Palomar Specialty is currently offering homeowners coverage...
People
Nov 21 2016 // Western Growers Insurance Services Inc. has named Ken Cooper director of risk strategy. Western Growers also named Matt Luis as a sales executive. Cooper will spearhead the development of solutions for Western...
Brinson Elected President of Texas Surplus Lines Association
Nov 17 2016 // Teri Brinson, executive vice president of M.D. Jensvold & Co. Inc. in Houston, has been elected president of the Texas Surplus Lines Association (TSLA). Brinson was installed at TSLA’s 61st Annual Meeting held...
Lloyd’s Names Swiss Re’s Kelly as Singapore Country Manager
Nov 17 2016 // Lloyd’s has appointed Angela Kelly as Lloyd’s country manager, Singapore, and CEO of Lloyd’s of London (Asia) Pte. Ltd. Kelly joins Lloyd’s from Swiss Re where she was chief executive officer of...
Lloyd’s Names Former Generali Exec, Vagnone, as Strategy & Change Director
Nov 16 2016 // Lloyd’s announced that Paolo Vagnone has been appointed to the newly created role of Strategy & Change director. Vagnone will lead the teams responsible for the development of Lloyd’s strategy as well as...
Brit Launches Diamond Processing Consortium with Capacity Up to $50M
Nov 16 2016 // Brit Ltd., the London-based specialty insurer, announced the launch of a Lloyd’s consortium for diamond processing. Now quoting business, the new consortium brings additional capacity of up to $50 million to the...
